This 1860s property is a classic 'diamond in the rough' for a savvy investor. At $99,000 for 1,644 sqft, your entry cost is just $60 per square foot. This price point leaves plenty of room for a full renovation in this transitional pocket of the Near Eastside.
| | Property Details |
| :--- | :--- |
| Current Price | $99,000 |
| Monthly Rent Est. | $2,175 |
| Assessed Value | $121,900 |
| Beds / Baths | 4 / 2 |
Strategy: This is a prime candidate for a 'fix and flip' or a BRRRR. The list price is currently sitting $22,900 below the tax-assessed value, which is a great sign for immediate equity potential.
The Upside: With 4 bedrooms, you can command top-tier rents. Our analysis suggests you could reach up to $3,000/month if finished to a modern standard.
Neighborhood: Tuxedo Park is seeing emerging development. While local school ratings are currently low, the revitalization in the area is driving interest from investors looking for value-add plays.
Since this home was built in 1860, I’d suggest keeping a close eye on the foundation and structural 'bones' during your walkthrough. If the structure is sound, the acquisition price is aggressive enough to support a healthy renovation budget while still hitting your profit targets.
404 N Grant Ave, Indianapolis Investment Report: Flip & Rental Analysis · Frontflip